Amazon SQS VS Splitwise

• Scalability
  Amazon SQS scales automatically to handle an unlimited number of messages, ensuring that your application can support any level of demand without manual intervention.
• Reliability
  Amazon SQS offers guaranteed delivery of messages, with multiple copies of each message stored redundantly across multiple servers and data centers.
• Flexibility
  SQS supports both standard and FIFO (First In, First Out) queues, giving you the option to choose the type of queue that best suits your application's requirements.
• Ease of Use
  Amazon SQS is fully managed, meaning you don't need to worry about provisioning or managing infrastructure. Integration is straightforward with a well-documented API.
• Cost-Effective
  SQS follows a pay-as-you-go pricing model, where you only pay for the number of calls made to the API and the amount of data transferred, making it a cost-effective solution for many use cases.
• Security
  SQS integrates with AWS Identity and Access Management (IAM) to control access. Additionally, it supports encryption of messages in transit and at rest, enhancing security.

Possible disadvantages

• Message Limitation
  Each SQS message can body can be up to 256 KB in size during one API call, which might be restrictive for certain applications that require larger message payloads.
• Latency
  Though generally fast, there can be latency in message delivery, especially when compared to more direct communication methods like WebSocket or gRPC.
• Complexity in Handling Large Number of Messages
  While SQS can handle a large number of messages, managing a very high throughput can become complex, requiring careful configuration of multiple queues, message batching, and appropriate back-off and retry logic.
• Cost for High Volume
  While cost-effective for many scenarios, SQS costs can increase significantly with very high volumes of messages due to the per-request pricing, potentially necessitating budget management.
• Limited Ordering Guarantees
  Standard queues do not ensure the order of message processing. While FIFO queues provide ordering, they come with limitations in terms of throughput and additional costs.
• Visibility Timeout
  Incorrectly setting the visibility timeout can result in duplicated message processing or delayed message processing, requiring careful consideration and configuration based on the application's characteristics.

• User-Friendly Interface
  Splitwise provides an intuitive and easy-to-navigate interface, making it straightforward for users to add expenses, keep track of debts, and settle up.
• Multi-Platform Availability
  Available on the web, iOS, and Android, Splitwise ensures users can access and manage their expenses from almost any device.
• Expense Tracking
  The app allows users to easily log and categorize expenses, which can be particularly useful for group trips, shared households, or any shared financial responsibility.
• Flexible Split Options
  Users can split expenses equally, by percentages, shares, or custom amounts, providing flexibility in how costs are divided among group members.
• Currency Conversion
  Splitwise supports multiple currencies, which is handy for international travel or groups with members from different countries.
• Bill Reminders
  The app sends reminders for outstanding balances, helping users to stay on top of their payments and avoid forgotten debts.
• Integration with Payment Platforms
  Splitwise can integrate with payment platforms like PayPal and Venmo for easy settlement of balances.

Possible disadvantages

• Privacy Concerns
  Since Splitwise involves sharing financial information with others, there could be privacy concerns for those unwilling to share detailed expense data.
• Subscription-Based Features
  Some advanced features, such as expense exporting and additional integrations, require a Splitwise Pro subscription.
• Manual Entry Requirement
  Splitwise requires users to manually enter expenses, which could be time-consuming and prone to errors if not done diligently.
• Limited Automatic Reconciliation
  While Splitwise helps track who owes whom, it does not automatically reconcile or pay off balances, leaving users responsible for manual payment.
• Dependency on Group Honesty
  The accuracy of the expense records relies on the honesty and diligence of all group members, which may not always be reliable.
• Potential for Confusion
  The various options for splitting bills (equally, by shares, etc.) can sometimes lead to confusion or disputes among users over what is fair.

Speed and Reliability at Any Scale: Amazon SQS and Database Services (SVC206) | AWS re:Invent 2013

Splitwise - iPhone App Review! [2020]

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Tracking Splitwise since Mar 2021.